
'Together Louisiana' leaders assert that payday lenders able to charge interest rates ten times higher than felony loan-sharking laws currently allow, making them "legal loan sharks." They want a cap on the annual interest rate for entering into short-term loans and are working with legislators to get one, in partnership with in partnership with Habitat for Humanity, AARP, the Conference of Catholic Bishops, the Louisiana Budget Project and the Southern Baptist Convention.
Payday Loan Bill Moves to Senate, The Advocate
The Payday Loan Industry in Louisiana, The Gambit
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